Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

uCloudlink Group (UCL Quick QuoteUCL - Free Report) is a stock many investors are watching right now. UCL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 30.25. This compares to its industry's average Forward P/E of 30.69. UCL's Forward P/E has been as high as 38.80 and as low as 4.29, with a median of 8.90, all within the past year.

Another valuation metric that we should highlight is UCL's P/B ratio of 2.31. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 5.53. Over the past year, UCL's P/B has been as high as 5.58 and as low as 2.27, with a median of 3.37.

These are only a few of the key metrics included in uCloudlink Group's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, UCL looks like an impressive value stock at the moment.